EUR/USD stalls while waiting for Powell, PCE inflation and NFP EUR/USD continues its short-term seesaw in its range between around $1.02 and $1.05, but could pull back as Jerome Powell is expected to be on the alert this afternoon. Fed Chairman to speak at Brookings Institution on ‘the economy, inflation and the labor market’ and … Read more
The DAX could return to 14,000 points in the short term This new bearish outlook would be reinforced in the event of a decline below the 20-day moving average. The last time the DAX broke below the Parabolic SAR indicator and its 20 session moving average after rebounding more than 15% (April and August), this … Read more
The Fed and the NFP will probably be decisive for the CAC 40 The Paris Stock Exchange returns to test key resistance at 6400 points ahead of the Fed. The outcome of the FOMC monetary policy meeting will likely be decisive for the next few market days. The risks are on the downside, as given … Read more
Wall Street continues its rebound while waiting for the NFP The New York Stock Exchange continued its rebound yesterday for a second consecutive session. Wall Street once again ended sharply higher, driven by falling bond yields and a general upturn in investor risk appetite after several weeks of pessimism. The major indices climbed on the … Read more
The EUR/USD dithers around the parity while waiting for the publication of the NFP EUR/USD price ended lower yesterday under pressure from better than expected US economic data. The euro is back to test its recent lows, continuing its seesaw movement around the parity threshold. The US ISM manufacturing index came out unchanged in August, … Read more
Gold Price Falls After NFP and Awaiting CPI The price of gold has been under pressure since Friday in the face of the strong rebound in bond yields. The ounce of gold fell nearly 1% on Friday following the strong US employment report which came out better than expected. The U.S. economy added more than … Read more
The euro is trying to regain height, but the manufacturing ISM and the NFP will be decisive The euro has been trying to regain strength against its US counterpart since Thursday after falling to its lowest for the year near $1.0350. The single currency has been penalized in recent days by the absence of a … Read more